"We are planning to establish a state-of-the-art Nano Park in Bengaluru. I am sure this initiative will give a major fillip to the nanotechnology industry to blossom in the state in coming years," he said at the inauguration of the seventh "Bengaluru India Nano 2014", an annual event, here.

The park will have Nano Incubation Centre along with necessary physical infrastructure and support systems including common facilities, he said.

The government is establishing Centre for Nano and Soft Matter Sciences in the city with Centre's financial support under Nano Mission, for which Karnataka has already allocated 14 acres of land on Tumkur road, Siddaramaiah said.

"I request kind intervention of Bharat Ratna and Professor C N R Rao in moving the Department of Science and Technology, Government of India, to hasten its development work," he said.

The Vision Group on Nanotechnology headed by Professor Rao is doing commendable work in recommending initiatives for the growth and development of Nano Science and Technology in the state, Siddaramaiah said.

The government has enhanced budgetary support from the current financial year for schemes and programmes recommended by the Vision Group on Science and Technology, he said.

Siddaramaiah called upon scientists to come up with tangible nanotechnology-based solutions for food security, energy security, water purification, medicine, healthcare and waste management.

"The ultimate purpose of all science and research should be to address the huge challenges faced by the common man in these areas," he said.

Given the enabling nature of nanotechnology and its ability to converge with other technologies, it has the potential to address key development related challenges in diverse sectors like energy, water, agriculture, health and environment, Siddaramaiah said.

A significant spin-off of nanotechnology is development of diagnostic sensors and lab-on-a-chip technology, which may soon become an important part of efforts to improve global health, he said.